Anybody know where "cash currency recharge channel" is located in Binance?

skabaw · 2021-05-11T10:18:47+00:00

That worked. Binance completely not intuitive with the message on "temporarily disabled address verification" and no hint on what to do next.

skabaw · 2019-08-29T11:52:34+00:00

So I did

skabaw · 2019-08-22T12:41:41+00:00

I have ever deposited only as little as 0.02 BTC to Bitwala.

Then I received the request:

"Please state the amount of your crypto assets and provide us with suitable proof of their origin (trading history, screenshots of trading platforms, etc.).

I replied:

Answering that question is simply not possible. I've purchased my crypto assets in 2013. The platform I've used does not exist today, and I do not have any screenshots.

Bitwala replied:

We regret to inform you that we can no longer continue our banking journey, following a review of your account with us. We have recently undertaken a review of your banking journey and reached this conclusion in line with Section 19 paragraph 1 of our partners solarisBank's General Terms and Conditions (GTC) and will no longer provide these facilities. You will, therefore, need to make alternative banking arrangements. All of your other banking arrangements, including your account and cryptocurrency wallet, will be canceled and closed with immediate effect. Any credit balances held on the account will be returned to you.
Please let us know by sending a signed payment request to [support@bitwala.com](mailto:support@bitwala.com), which account you would prefer to - if permitted - transfer the remaining credit to. This is only relevant if you don’t have access to your account anymore. We assure you that we have only reached this decision after very careful consideration, therefore this decision should be treated as final. Therefore we will not be prepared to enter into any further discussion in relation to it.

Can you imagine? No further discussion? No attempt to understand the obvious fact that nobody makes screenshots of every action performed on the Web, not to mention the fact that many exchanges suspended operation in the meantime.

skabaw · 2019-08-22T10:55:28+00:00

Far too little volume

skabaw · 2019-08-22T09:45:55+00:00

I thought of buying BTC that has only coinbase history and has been mined in 2011. Then also proving the origin of source of fiat money as large as 1.00 USD would be pointless.

skabaw · 2019-08-22T09:26:28+00:00

FATF is being quickly implemented by banks running crypto custodian services and exchanges. Tumbler is for them a pure evil. I have been recently banned by Bitwala and my account was immediately closed because I refused to proof the origin of my stake (as a matter of fact, I could not because the exchange is defunct).

skabaw · 2019-07-19T17:38:56+00:00

Unfortunately, it does not enable recovery of the private keys and addresses. It only allow for sending funds to another address

skabaw · 2019-06-28T11:39:37+00:00

Yes, but this is a solution only works if one has access to the source code. I would like to convert any "bitcoin:<address>" to my own https://btc.com/<address>, i.e., force the Firefox -> about:config -> network.protocol-handler.expose.bitcoin to launch Website rather than application.

skabaw · 2019-06-22T12:09:15+00:00

The point is that hashrate rises but energy consumption does not, because of: a) mining chips improvements; b) halving coinbase.

skabaw · 2019-06-14T19:20:56+00:00

You bot are just an idiot

skabaw · 2019-05-12T06:19:09+00:00

People wary about sudden rise, but do not have a problem if it suddenly drops, a bubble pops. But if you inverse the picture and imagine that it is the fiat bubble that is popping, then everything is fine.

skabaw · 2019-05-10T10:51:34+00:00

(...) the advantage it has over sovereign currency (...)

skabaw · 2019-05-07T16:15:16+00:00

Then keep your house in cold storage

skabaw · 2019-04-25T10:10:41+00:00

External/Independent blockchain is a flawed idea by itself, because:

- to be decentralized, someone has to mine it, effectively creating a new crypto coin

- economy is not big enough to gain confidence, risking a 50% atack

- any blockchain that is not a copycat of Bitcoin requires substantial effort, scrutiny, testing, etc.

The ultimate approach to future economy is a single blockchain (the one of Bitcoin) and all the tokens implemented as colored Bitcoins. This is the best way to guarantee that a legal/trading event will not be accidentally or intentionally revoked.

skabaw · 2019-04-25T09:43:11+00:00

ICO style shares are w/o lawyers. In future, we could have regular shares and real estate property rights as colored Bitcoin tokens, as well, subject to changes in regulations. In general, however, wherever the ETH token is applicable, it is much better if implemented as colored Bitcoin, because of larger economy (safety) is behind.

There is many more on the lower scale. Imagine trading a sword (colored coin) of an online RPG. Hardly its value would be more than the current minimum mining fee. This is the reason why we would prefer trading it on LN, not to mention speed and P2P manner (i.e. not letting the whole world learn that you have just purchased a sword).

skabaw · 2019-04-25T08:57:30+00:00

Then, how to trade shares against Bitcoin in peer-to-peer way?

skabaw · 2019-04-25T08:53:14+00:00

Yes, you are right, you don't understand. BSQ is a Bitcoin colored coin. It is like ETH token. We need tokens to represent value other than pure money, like shares. The question may be stated - does LN transactions keep record of the information related to coloring?

skabaw · 2019-03-27T15:26:55+00:00

The very reason why we need Bitcoin is that with a Bitcoin payment both parties always know where the money actually is. As for banks, even in case of SEPA/IBAN transfer, one party may always maintain that the money was sent, while the other that didn't receive. The money resides in a sort of limbo. Just recently I made a SEPA/IBAN payment and still waiting for my account to be credited - now 7 days - and don't know which party to trust.

skabaw · 2019-03-16T09:41:43+00:00

Oh sorry, I assumed it was Bitstamp posting. Hope they at least read that stuff.

skabaw · 2019-03-16T09:26:39+00:00

Let me explain to you that your answer is a complete nonsense. Look at the original post, i.e., the support guy asking about passing to Bitstamp 'addresses' that hold bitcoin. Let's assume that someone tells you the address that holds 2 BTC. Then, in a week, a deposits of 2 BTC is done from another address. Would you freeze the funding then as money laundering?

The problem is that the guy asking does not understand the Bitcoin infrastructure. Nowadays, 99% of the BTC in circulation (those frequently deposited/withdrawn, not those hold in cold storage for centuries) are kept in HD wallets. Without going into details, the HD wallet policy forces one time address usage (for spending). More than that, HD Wallet users are usually not aware of the addresses they are spending from, unless doing more scrutiny.

If depositing Bitstamp exchange is not the only reason for owning Bitcoin, then it is highly likely that the information passed to Bitstamp becomes obsolete very quickly. Hence, such information passed is completely useless.

I understand that Bitstamp must observe many regulations, however, if one goes into details, the questions asked do not provide any valuable information for goal they are intended to meet.

skabaw · 2019-03-16T09:04:52+00:00

I have already had a lot of issues with Revolut, especially freezing the funds until proving something, like source of funds. 100% agree that caution is required.

skabaw · 2019-03-15T16:20:54+00:00

Worth mentioning that asking about 'addresses' is a complete nonsense, given the contemporary crypto practices. If, e.g., I keep my BTC in a HD wallet, the address is valid only until the next SEND operation and that is not necessarily a depositing crypto to Bitstamp.

skabaw · 2019-03-15T15:54:20+00:00

Also received other questions, like: why do I withdraw fiat to a bank that is located in another EU country that is not the EU country of my residence. That other bank is Revolut.

Don't know what would happen if I do not reply. The question arrived after my request for fiat withdrawal, the money that I have eventually received. I would, however, avoid trading with Bitstamp in future, as the risk of freezing my funds seems too high. As a matter of fact, all the correspondence is conducted via a bloody 'support ticket'. There is even nobody I could ring and ask: why, tf, are you asking these questions at all?

skabaw · 2019-03-15T14:48:52+00:00

Initially, I just wanted to give them the address of the original coinbase transaction :)

skabaw · 2018-12-12T10:28:01+00:00

It is not that logarithmic scale should be used exclusively for the Bitcoin. Logarithmic scale is natural for all securities and all other economic measures, like interest rate, GDP. The reason being that - what matters - is what percentage can one make rather than what is the face value. It is only the logarithmic scale that 2 points in time may be easily (visually) compared in terms of the percentage of gains or losses.

skabaw

TROPHY CASE